Chrysler Continues to Seek U.S. Energy Loans, Marchionne Says
Chrysler Group LLC will continue pursuing loans from the U.S. Energy Department while the failure of companies that have borrowed from government programs may prolong the process, the chief executive officer said.
Buffett Railroad Boosts Capital Plan to $3.9 Billion in Coal Bet
Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, plans $3.9 billion in capital spending this year, an increase of 11 percent from 2011, as the company boosts capacity for coal shipments.
Greek Leaders Agree on a Rescue Framework Amid EU Deal Pressure
Greek Prime Minister Lucas Papademos struck a tentative deal with political parties on austerity measures demanded by international creditors as European leaders maintained pressure to complete terms for a 130 billion-euro ($171 billion) rescue package.
EU May Consider Relaxing Demands on Banks for Sovereign Buffer
European bank supervisors may discuss easing rules for lenders to hold capital against sovereign debt this week amid more than 30 meetings this month that will track banks’ progress complying with new updated requirements, two people with knowledge of the discussions said.
South Korea Plans to Buy China Shares to Diversify Reserves
South Korea’s central bank is considering buying several hundred million dollars worth of Chinese equities and a greater amount of the nation’s bonds to diversify its foreign-exchange reserves.